| On 20th of Oct of 2009, a lot of important person in this field gather in Chang Chun, a city in north China, to celebrate the birth of"No. 10,000,000th"car. Though Y2009 was struggling in worldwide financial crisis, China Auto Industry kept a high rate of development and our total production volume finally exceeded the one of USA which brought China to be the number one. China had become an important auto market and will have bigger and bigger impact to the auto industry in the world. And as a result, cars made-in-China will start their shown in global market.As the development of car market in China, the word"auto finance"became more and more popular. How to develop the service of auto finance in China became an important question for the OEM and also for the government. USA and Europe has a lot of experiences in this field, but can this know-how be applied in China directly? During the Financial crisis, we saw lots of disadvantages of the policies and of the instruments in Western countries. China market is quite different from other countries,so we need to find a way of ourselves to develop a proper auto financing service.The following content in this article will focus on"risk of auto finance". It will start with the development of auto industry. The second step will go on to analyze the auto-consuming market in China and also the one in the world, this part will also explain the auto finance service in this market and describe the risk related. The third part will briefly analyze the current environment of auto finance and risk concerned. The last part will give some ideas to improve risk controlling in auto finance market. |
